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Ingersoll-Rand Is Ready to Run

MKM raised the price target on the industrial giant to $60 from $55.

February 5, 2013

Ingersoll-Rand (IR: NYSE) By MKM Partners ($52.36, Feb. 4, 2013)

We are reiterating our Buy rating on Ingersoll-Rand and increasing our 12-month price target to $60 from $55.

We believe the fourth-quarter report and 2013 guidance represent continued progress on the long-term turnaround story at Ingersoll-Rand (ticker: IR) as productivity and price drive upside and, looking forward, are increasingly aided by a...